EVI Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 09, 2024 at 08:38 am EST
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EVI Industries, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 91.36 million compared to USD 82.64 million a year ago. Net income was USD 1.34 million compared to USD 2.22 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.15 a year ago.
For the six months, sales was USD 179.44 million compared to USD 166.07 million a year ago. Net income was USD 2.62 million compared to USD 5.07 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.35 a year ago.
EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor, and provides advisory and technical services. The Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. The commercial and industrial laundry equipment distributed by the Company includes washroom, finishing, material handling, and mechanical equipment such as washers and dryers, tunnel systems and vended machines. The finishing equipment distributed by the Company includes sheet feeders, flatwork ironers, automatic sheet folders, and stackers. It also provides its customers with installation, maintenance, and repair services. Its customers include government, institutional, industrial, commercial, and retail customers.
EVI INDUSTRIES, INC. 
